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Dec 13, 2012
12/12
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hsbc mÉxico. exportÓ 1 billones de dÓlares en efectivo procedente del estado de sinaloa, sede del cartel de las drogas que lleva el mismo nombre. los narcotraficantes fabricaron medidas especÍficas que llenaban de dÓlares y podrÍan deslizarse por facilidad por las ventanillas del banco. a cambio que no le hicieran cargos criminales. el banco corregir los errores y pagar una multa de 1. 9 billÓnes de dÓlares. es decir borrÓn y cuenta nueva. la penalidad impuesto, no representa ningÚn sacrifico financiero para esta instituciÓn y lo que recibiÓ fue un castigo sin dolor. al banco en estados unidos se le a khu cusÓ hacer transacciones, violando las sanciones impuestas a esas naciones. enrique. >>> increÍble hacemos el calculo para la iniciativa en mÉrida, que estÁ destinada a ayudar al combate del narcotrÁfico en micciÓn 1. 6 bil 1. 6 r billones de dÓlares. la multa todo lo que se destina para ayudar al narcotrÁfico allÁ. y los trillones de dÓlares que circularon y se hicieron lo q
hsbc mÉxico. exportÓ 1 billones de dÓlares en efectivo procedente del estado de sinaloa, sede del cartel de las drogas que lleva el mismo nombre. los narcotraficantes fabricaron medidas especÍficas que llenaban de dÓlares y podrÍan deslizarse por facilidad por las ventanillas del banco. a cambio que no le hicieran cargos criminales. el banco corregir los errores y pagar una multa de 1. 9 billÓnes de dÓlares. es decir borrÓn y cuenta nueva. la penalidad impuesto, no representa ningÚn...
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Dec 14, 2012
12/12
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KDTV
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damnificados por el huracán sandy, también tenemos la entrevista con el ejecutivo del banco inglés, hsbc que involucró al banco con el lavado de activos en méxico, además las últimas noticias de la diva de la banda. >>> gracias, el papa benedicto xvi dijo que las imágenes de al mula y el buey no corresponden al pesebre ,pero en el vaticano pudo más la tradición. >>> grandes artistas hispanos como jenni rivera solo ocupan un lugar e la prensa anglosajona después que mueren, ya regresamos >>> únase a la causa en apoyo a la fundación teletón usa, como cada año un nacimiento o pesebre adorna el vaticano, en su libro, el papa benedicto xvi desechó las imágenes del buey y la mula, por considerar que no hay referencia bíblica, pero en el pesebre de el vaticano hay beuy y mula. >>> para muchos medios anglosajones, no sabían quién era ni qué hacía jenni rivera. >>> su rostro ha estado presente en todas las cadenas de televisión de estados unidos, pero jenni rivera la súperestrella que vendió más de 15 millones de discos, fue ignorada por la prensa de estados unidos. >>> es
damnificados por el huracán sandy, también tenemos la entrevista con el ejecutivo del banco inglés, hsbc que involucró al banco con el lavado de activos en méxico, además las últimas noticias de la diva de la banda. >>> gracias, el papa benedicto xvi dijo que las imágenes de al mula y el buey no corresponden al pesebre ,pero en el vaticano pudo más la tradición. >>> grandes artistas hispanos como jenni rivera solo ocupan un lugar e la prensa anglosajona después que...
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Dec 11, 2012
12/12
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hsbc is accused of money laundering for mexican drug cartel. announcement formally is expected tomorrow. >> apple new appearing map is now coming with a safety warning for nurs australia. police in the city of victoria asking drivers to avoid using it. officers say they have had to rescue several people who got lost when the app led them to the wrong place. drivers stranded for more than 24 hours when directed miles away from murray sunset national park. may not seem like a big deal except that location is in the middle of nowhere and the park has no water supply and temperatures can reach 115 degrees. dangerous place to be stranded. apple hasn't commented but the ceo tim cook publicly apologized for the app early this year and has promised improvements. >> trying to catholic church a cab in san francisco can be frustrating and at some hours of the day nearly im poll as you may know. that's what a handful of service have popped up to help you call for everything from a limousine to a neighbor with a car. but as jonathan bloom explains, those ne
hsbc is accused of money laundering for mexican drug cartel. announcement formally is expected tomorrow. >> apple new appearing map is now coming with a safety warning for nurs australia. police in the city of victoria asking drivers to avoid using it. officers say they have had to rescue several people who got lost when the app led them to the wrong place. drivers stranded for more than 24 hours when directed miles away from murray sunset national park. may not seem like a big deal...
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Dec 11, 2012
12/12
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KGO
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the british banking giant hsbc, about to pay big time. after allegations of money laundering, linked to iran and mexican drug cartels. "the new york times" reports a record settlement. $1.9 billion to be announced tomorrow. >>> and now, a storm blasting the upper midwest of the united states. what a difference a week makes. it was a mild 62 degrees in minneapolis last week, and now a massive storm has dumped nearly 16 inches in the twin cities. more snow in one day than they expect in a month. it was a slippery, sliding mess on the roads. hundreds of snow-related car wrecks across both minnesota and wisconsin. >>> and now, the news of the shocking death of a rising star in latin america, just about to receive her dream of taking on north american tv, right here on abc. singer jenni rivera died in a plane crash on her way to a concert in mexico. and here's abc's david wright on her turbulent life story and her huge success. ♪ >> reporter: she was known as the "diva of banda" -- mexico's answer to country music. today, on spanish language
the british banking giant hsbc, about to pay big time. after allegations of money laundering, linked to iran and mexican drug cartels. "the new york times" reports a record settlement. $1.9 billion to be announced tomorrow. >>> and now, a storm blasting the upper midwest of the united states. what a difference a week makes. it was a mild 62 degrees in minneapolis last week, and now a massive storm has dumped nearly 16 inches in the twin cities. more snow in one day than they...
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Dec 11, 2012
12/12
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hsbc says it accepts responsibility for past mistakes. analysts point out the bank will earn back the fine in a little more than one month. >>> new this morning the air force is getting ready for another test flight of new experimental space plane pro row time of the x-37b will blast off into space today from cape canaveral, florida. this video provided by the air force, launch time set for 10 a.m., our time. the vehicle is being developed as reusable unmanned space vehicle. >> in the last hour we learned delta is buying a 49% stake in virgin atlantic airlines, delta wants better access to heathrow in hahn done, the two are agenting in -- in london. virgin atlantic owned by sir rich and branson who owns a stake in virgin america airlines. >>> got milk? the reason fewer americans are drinking dairy. >>> first, cashmere sweaters. michael finney and consumer re >>> we come back. water vapor in the air, narrow band coming through during the evening and overnight hours and how fast that is moving on stream. increasing clouds during the dayligh
hsbc says it accepts responsibility for past mistakes. analysts point out the bank will earn back the fine in a little more than one month. >>> new this morning the air force is getting ready for another test flight of new experimental space plane pro row time of the x-37b will blast off into space today from cape canaveral, florida. this video provided by the air force, launch time set for 10 a.m., our time. the vehicle is being developed as reusable unmanned space vehicle. >>...
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Dec 12, 2012
12/12
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hsbc will pay fines totaling $1.9 billion. it also will beef up its monitoring of suspicious financial activity. in august, a different british bank, standard chartered, paid $340 million to new york state, settling claims it laundered hundreds of billions of dollars for iran. sarah jane hughes is a law professor at indiana university. she joins us from bloomington. >> tom: professor, does this punishment for hsbc fit the crime? >> well, the parties clearly think that it does. >> tom: at $2 billion almost, it is certainly significant larger than the standard charter settlement from earlier this year. why the big difference? >> the duration, the number of individual violations, the number of countries involved, the fact that mexico is also involved. many factors. >> tom: let's talk about the global nature of this. to put it frankly, is money laundering a business model for global banking? >> well, money laundering is certainly a business model. and the united states has sent clear signals this year and before that it does not w
hsbc will pay fines totaling $1.9 billion. it also will beef up its monitoring of suspicious financial activity. in august, a different british bank, standard chartered, paid $340 million to new york state, settling claims it laundered hundreds of billions of dollars for iran. sarah jane hughes is a law professor at indiana university. she joins us from bloomington. >> tom: professor, does this punishment for hsbc fit the crime? >> well, the parties clearly think that it does....
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Dec 11, 2012
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hsbc was charted laundering funds for iran and mexican drug cartel. delta airlines buying a 49% stake in virgin atlantic from singapore airlines. $360 million. virgin atlantic will retain the majority 61% stake along with the brand of operating certificate. as the u.s. banks could be facing massive attacks on the websites after a group associated with islamic terrorism posted on a message board that it will be targeting jpmorgan chase, bank of america, suntrust bank. this latest from the fox business network giving you the power to prosper. ashley: three consecutive years of smaller u.s. corn harvest has driven inventories to 39 year low. spurring goldman sachs predict prices hitting near record highs. sandra smith taking a look at how you should play corn prices. in today's "the trade." sandra: got it. here's the thing to another: at thinking that agriculture is now, we are not talking about planting or in the growing season for corn, but that may be a good time to look at some of these stocks like caterpillar off of the highs of $100 per share. the
hsbc was charted laundering funds for iran and mexican drug cartel. delta airlines buying a 49% stake in virgin atlantic from singapore airlines. $360 million. virgin atlantic will retain the majority 61% stake along with the brand of operating certificate. as the u.s. banks could be facing massive attacks on the websites after a group associated with islamic terrorism posted on a message board that it will be targeting jpmorgan chase, bank of america, suntrust bank. this latest from the fox...
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Dec 12, 2012
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lenny brewer said that the scale of hsbc's operation was stunning. >> at least one occasion, hsbc instructed a bank in iran on how to format payment messages so that transactions would not be blocked or rejected by the united states. lou: brewer however also defended the decision to not prosecute the bank, he said. if authorities pressed charges hsbc would almost certainly have lost its banks license here in this country which would have cost thousands of jobs, joining us now to assess this, and more, former prosecutor alease wheel, and artie idala . is -- where is the outrage that lenny brewer, already -- certainly implicated in the "fast and furious" scandal is standing there, as spokesman u.s. justice department saying they are not going to prosecute. >> you set it up not fair, you did not say, deferred prosecution. lou: i'm sorry who is going to jail. i want to get this right. >> not yet, but if they don't pay the money, if they don't -- they have 5 years of probation, at this point, so,. lou: you are right. >> brewer and the rest of the crew -- >> lisa i'm crushed. >> here is reality ch
lenny brewer said that the scale of hsbc's operation was stunning. >> at least one occasion, hsbc instructed a bank in iran on how to format payment messages so that transactions would not be blocked or rejected by the united states. lou: brewer however also defended the decision to not prosecute the bank, he said. if authorities pressed charges hsbc would almost certainly have lost its banks license here in this country which would have cost thousands of jobs, joining us now to assess...
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Dec 11, 2012
12/12
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hsbc was hit with a $1.9 billion fine. the ceo said we accept responsibility for our mistakes and are profoundly sorry for them. >> a full year loft loss of 4.7 billion euros, thinksen krup has more details. >> they are starting to look at the positive of what i would call a -- strategy, i.e., a clean sweep when it comes to the business strategy of thyssenkrupp as well as the instruct occur and the refocusing on being transparent and definitely being something shareholders should trust. so no dividends, jobs may go and the sale of celiamerica being looked at. the cfo says there's a handful of interested parties in that particular party of the business. all in all, i think if you look at the message and the resale note issued by j.p. morgan earlier on this morning, on the back of the numbers, it's a very positive story because all the rubbish that needs to be cleaned out is being cleaned out. when it comes to the actual strategy, it will be reduced process on sale after the sale of about 30% will come from that sector. the
hsbc was hit with a $1.9 billion fine. the ceo said we accept responsibility for our mistakes and are profoundly sorry for them. >> a full year loft loss of 4.7 billion euros, thinksen krup has more details. >> they are starting to look at the positive of what i would call a -- strategy, i.e., a clean sweep when it comes to the business strategy of thyssenkrupp as well as the instruct occur and the refocusing on being transparent and definitely being something shareholders should...
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Dec 12, 2012
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hsbc admitted on tuesday its anti-money laundering measures had been inadequate. the bank agreed to pay the penalties to u.s. authorities including the justice department. the bank says it accepts responsibility for past mistakes and has beefed up its internal controls. in july, a u.s. senate report accused the bank of being involved in money transfers linked to drug deals originating in mexico. the report also said the bank settled money transactions with links to iran, a country under u.s. sanctions. >>> now, british authorities have arrested three british men. that's over their alleged connection to a rate-fixing scandal involving libor, the london interbank offered rate. the serious fraud office announced tuesday the first arrests in the case that has rocked the financial community. but officials gave no details other than the arrested men are british citizens in their 30s or 40s. 's unknown whether the suspects worked for banks or what their exact charges are. in june, the nation's financial regulators imposed a huge fine on barclays bank based in the uk for
hsbc admitted on tuesday its anti-money laundering measures had been inadequate. the bank agreed to pay the penalties to u.s. authorities including the justice department. the bank says it accepts responsibility for past mistakes and has beefed up its internal controls. in july, a u.s. senate report accused the bank of being involved in money transfers linked to drug deals originating in mexico. the report also said the bank settled money transactions with links to iran, a country under u.s....
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Dec 11, 2012
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$2 billion to hsbc is six weeks, eight weeks of earnings. it is a lot of money, relatively or specifically. but compared to the profits that you can make by breaking the law, if you know that the degree of accountability that will come is from an individual level, you're essentially going to keep all the profits you made in your bonus for doing this illegal activity, and even as an institution, who really pays? it is the shareholders. today's share holders were paying for profits earned by yesterday's executives. this is an untenable situation that will lead to more crime and more crisis. >> neil barofsky, thank you, sir. good to have you back on the show. >> thank you. >>> in broad daylight, along one of new york's busiest streets, someone shoots a man, point blank, and then runs. now as police hunt for the so-called assassin, look at this, new video shows the suspect moments before. yes. but you're progressive, and they're them. yes. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. s
$2 billion to hsbc is six weeks, eight weeks of earnings. it is a lot of money, relatively or specifically. but compared to the profits that you can make by breaking the law, if you know that the degree of accountability that will come is from an individual level, you're essentially going to keep all the profits you made in your bonus for doing this illegal activity, and even as an institution, who really pays? it is the shareholders. today's share holders were paying for profits earned by...
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Dec 3, 2012
12/12
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CNBC
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the hsbc pmi final reading came in at 50.5, the quickest expansion in over a year. the industry saw a pick up in new orders as well as stronger exports thanks in part to christmas demand. the concern is about the the unevenness of the recovery. the sub indices for employment as well as small and medium sized companies ticked downwards and that suggested to some that the recovery is mainly led by investment in state-owned enterprises. a bigger worry is about the outlook for external demand especially in the united states. people here are worried about the fiscal cliff and the potential impact that it could have on american consumers as well as the factories here. eunice yun, cnbc, beijing. >> are those fears right, is the the expansion just investment-led and therefore not worth as much and that seems to be the insinuation? >> also i think china and china manufacturing has always historically been investment led anyway. much less consumer dependent than what we see maybe in europe and the u.s. but, yes, that meeting is just back into expansion territory. that's good
the hsbc pmi final reading came in at 50.5, the quickest expansion in over a year. the industry saw a pick up in new orders as well as stronger exports thanks in part to christmas demand. the concern is about the the unevenness of the recovery. the sub indices for employment as well as small and medium sized companies ticked downwards and that suggested to some that the recovery is mainly led by investment in state-owned enterprises. a bigger worry is about the outlook for external demand...
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Dec 11, 2012
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. >>> and hsbc is expected to pay the government $1.9 million to settle accusations that the bank helped launder money for mexican drug cartels and for officials in iran. >>> and take a look at this. massive fireball that you'll see there, streaking across the sky over houston. unfortunately, it was not a ufo. simply a meteor that people saw before dawn, driving. very unfortunate. it was so bright, a camera caught it 500 miles away. had it been a ufo, obviously, a life-changer. >>> and it was supposed to be the game of the year between new england and houston last night. wasn't even close. even when things didn't go as planned, as you see here, well, the patriots took advantage, fumbling into the end zone. why not? tom brady and the patriots steamrolling the houston, texans. the new daddy threw for four scores. and right now, there's no doubt about who the kings of the hill are in the nfl. >> josh, thanks very much. >>> we're going to turn to the brazen shooting in midday, midtown manhattan, just steps away from carnegie hall. a young man executed. one bullet to the back of the head in a
. >>> and hsbc is expected to pay the government $1.9 million to settle accusations that the bank helped launder money for mexican drug cartels and for officials in iran. >>> and take a look at this. massive fireball that you'll see there, streaking across the sky over houston. unfortunately, it was not a ufo. simply a meteor that people saw before dawn, driving. very unfortunate. it was so bright, a camera caught it 500 miles away. had it been a ufo, obviously, a...
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Dec 11, 2012
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in the united states federal investigators claim hsbc transferred billions of dollars for countries like iran and did business with mexican drug cartels. company officials say they accept responsibility for past mistakes. >>> "the new york times" says top officials in afghan government was shot on her way to work. her predecessor also murdered less than six months ago. >>> the "wall street journal" reports delta airlines is close to a deal to buy 49% of virgin atlantic airways, that would give delta a wider network of flights and more space at heath row, london's main airport. delta would pay singapore airlines 300 million to $500 million for the stake. >>> google avoided paying about $2 billion worldwide income taxes last year. the company moved nearly $10 billion in overseas profits to bermuda, where there is no,, >>> good morning. heading out, grab the jacket. it's chilly in spots. overlooking san jose now not a bad start to the day at all. we have mostly clear skies, some patchy, dense fog in the valleys and fog at the coast.temperatures in the 30s and 40s now, this afternoon 50s and
in the united states federal investigators claim hsbc transferred billions of dollars for countries like iran and did business with mexican drug cartels. company officials say they accept responsibility for past mistakes. >>> "the new york times" says top officials in afghan government was shot on her way to work. her predecessor also murdered less than six months ago. >>> the "wall street journal" reports delta airlines is close to a deal to buy 49% of...
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Dec 11, 2012
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hsbc agreed to pay 1.89 billion to settle a money laundering case. it is for nations like iran and enabled mexican drug cartels to move money loolly through the american subsidaries. are you ready for some country? ♪ ♪ wrecked my heart. ♪ i should never let go. ♪ the one that good away. >> gretchen: the american country award kicked off in vegas. luke bryant took home nine awards including artist of the year. >> country music. we get to do what we love and for people who are honest and hard working and beautiful people thoo support great music. >> he went on to do the right thing thanking his wife and band and all of the fans and those are your headlines. >> steve: very nice. michigan is poised later today to pass landmark legislation. big labor is furous and marshalling the troops. if you were at the afo head quart ares in michigan, you would have seen cars with license plates from georgia, minnesota and ohio and illinois and they are angry that the people of the great state of the michigan will soon get a choice in whether or not to join a
hsbc agreed to pay 1.89 billion to settle a money laundering case. it is for nations like iran and enabled mexican drug cartels to move money loolly through the american subsidaries. are you ready for some country? ♪ ♪ wrecked my heart. ♪ i should never let go. ♪ the one that good away. >> gretchen: the american country award kicked off in vegas. luke bryant took home nine awards including artist of the year. >> country music. we get to do what we love and for people who are...
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hsbc is a famously tightly run bank. obviously the people at the top had to know something was amiss. but, look, the top dog -- >> more than fines? more than $2 billion? >> i don't -- i question, very respectfully, whether or not there should be some criminal -- this is a guy watching drug money, apparently, go across the border in gigantic quantities, nothing done about it. if you or i brought a marijuana cigarette into the state of south carolina, we would be put in prison. this guy is shipping billions and he gets to pay it off with the stockholders' money. he's not out one single cent. it is all the stockholders' money. >> ben stein, appreciate your candor. thanks for coming on. >> always love being here. >> thank you. >> love being here. >>> now this, a near miss. just ahead, an asteroid passes, comes closer to earth than the moon. hmm. chad myers joins me on how close this was, calling it a close shave. >>> also an ex-marine jailed in mexico, alarming accusations now on how he's being treated and threatened. so wha
hsbc is a famously tightly run bank. obviously the people at the top had to know something was amiss. but, look, the top dog -- >> more than fines? more than $2 billion? >> i don't -- i question, very respectfully, whether or not there should be some criminal -- this is a guy watching drug money, apparently, go across the border in gigantic quantities, nothing done about it. if you or i brought a marijuana cigarette into the state of south carolina, we would be put in prison. this...
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Dec 4, 2012
12/12
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from around the globe are said to be questioning financial firms such as jpmorgan chase, citigroup and hsbc in connection with the libor rate fixing scandal. trying to limit damage from the phone hacking scandal that engulfed his news of the world paper, rupert murdoch is speeding through the split-up of his media empire. in june, murdoch announced that news corporation would split into two, separating publishing assets from the more lucrative film and television arm of the business. news corp. announced additional deatils of the split this week, including the shuttering of the daily, a tablet-only publication that has struggled to find a foothold in the marketplace. a major deal is happening in the dairy industry. in an attempt to milk more from the u.s. market, canada's largest dairy processor, saputo, is buying the morningstar unit of dean foods for $1.45 billion. morningstar's products include creamers, ice cream and cottage cheese. dean foods, the largest dairy producer in the u.s., based in dallas, is in downsizing mode. the deal with saputo is expected to close at the end of the year
from around the globe are said to be questioning financial firms such as jpmorgan chase, citigroup and hsbc in connection with the libor rate fixing scandal. trying to limit damage from the phone hacking scandal that engulfed his news of the world paper, rupert murdoch is speeding through the split-up of his media empire. in june, murdoch announced that news corporation would split into two, separating publishing assets from the more lucrative film and television arm of the business. news corp....
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Dec 11, 2012
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ing, hsbc, tried to move into the u.s. market and they tried to find ways, of course to build quickly in the u.s., acquisitions and other things. they're such big banks. are they so big they couldn't follow what the u.s. was doing, what their people in the u.s. were doing? were they able to get away with things in the u.s. not complying with u.s. law because headquarters here in europe couldn't keep control of it? that's one of the questions. the other one is, were they aggressively trying to build their business so much in the u.s. that they closed they're eyes to what was going on? that's why they're all facing fines, i think. >> thank you. >>> traditional ethiopian music meeting jazz rhythms. an artist who never touched an instrument until ten years ago. now changing the face of ethiopian music. when we got married. i had three kids. and she became the full time mother of three. it was soccer, and ballet, and cheerleading, and baseball. those years were crazy. so, as we go into this next phase, you know, a big part of i
ing, hsbc, tried to move into the u.s. market and they tried to find ways, of course to build quickly in the u.s., acquisitions and other things. they're such big banks. are they so big they couldn't follow what the u.s. was doing, what their people in the u.s. were doing? were they able to get away with things in the u.s. not complying with u.s. law because headquarters here in europe couldn't keep control of it? that's one of the questions. the other one is, were they aggressively trying to...
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Dec 13, 2012
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hsbc crossed off $1.5 billion. does it go to any victims of this crime? there are no victims of the crime. does it pay restitution? nobody was harmed, so no restitution to be paid. here is what the government said the bank did. here's what the bank admitted to doing. engaged in money laundering outside the united states. so how does the justice department prosecute criminal activity that occurs outside the united states? if someone engages -- ashley: was a facilitated by somebody in the united states? >> of course that s the argument. but to say these people were tutored outside the united states and how to avoid disobeying the law, that is what lawyers do. they twitter clients into how to avoid disobeying the law. here is your product, here is your goal. the lawyer will tell you how to do it lawfully. if it means to business as to not to violate, everyday. if it means to trick the government, the lawyer is participating in a conspiracy. ashley: finding a way around the system. >> again, we are arguing in a vacuum because the case is always settle. not a
hsbc crossed off $1.5 billion. does it go to any victims of this crime? there are no victims of the crime. does it pay restitution? nobody was harmed, so no restitution to be paid. here is what the government said the bank did. here's what the bank admitted to doing. engaged in money laundering outside the united states. so how does the justice department prosecute criminal activity that occurs outside the united states? if someone engages -- ashley: was a facilitated by somebody in the united...
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. >>> in other news this morning, a monster legal sentiment will be finalized involving hsbc. the bank is settling a case brought by u.s. government and also authorities here in new york hsbc will pay $1.9 billion to settle accusations it illegally transferred money on behalf of sanctioned nations, including iran and help mexican drug cartels launder monday. >>> a florida woman has been found guilty of first degree murder for shooting a lottery winner in a plot to get his money. a jury in tampa convicted her of the 2009 murder of abraham shakespeare who had won $17 million. he was found buried in concrete in the backyard of her boyfriend. the judge called her cold, calculating, and cruel. >>> we now know the identity of the second lucky winner of that record powerball jackpot. matthew goode had tried to remain anonymous in claiming his share of the $587 million prize. yeah, that didn't happen. it was only a matter of time before his name was discovered. he is originally from pennsylvania, but moved to phoenix area last year. he took a one-time payout of $192 million, telling o
. >>> in other news this morning, a monster legal sentiment will be finalized involving hsbc. the bank is settling a case brought by u.s. government and also authorities here in new york hsbc will pay $1.9 billion to settle accusations it illegally transferred money on behalf of sanctioned nations, including iran and help mexican drug cartels launder monday. >>> a florida woman has been found guilty of first degree murder for shooting a lottery winner in a plot to get his...
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Dec 7, 2012
12/12
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bank of america and hsbc combined plan for 40,000 layoffs this year. ubs said in october it would cut 10,000 workers. all told, more than 300,000 financial industry jobs have been lost worldwide during the past two years. the bank belt-tightening is expected to continue in 2013. macs are making their way back to the u.s. apple ceo tim cook told bloomberg this week the company will begin manufacturing a line of mac computers in the u.s. most of apple's products are made in asia. factories such as foxconn, a major apple supplier, have come under heavy scrutiny for low wages and poor working conditions. cook said the company will spend $100 million on the manufacturing move in the states, but no word yet on where it will take place. in other apple news, the iphone is getting picked up by another carrier. t-mobile will begin selling the iphone next year. talks are back in the fiscal fight. according to the wall street journal, the staffs for president obama and house speaker boehner are talking again. it follows a nearly week-long silence. wednesday, the p
bank of america and hsbc combined plan for 40,000 layoffs this year. ubs said in october it would cut 10,000 workers. all told, more than 300,000 financial industry jobs have been lost worldwide during the past two years. the bank belt-tightening is expected to continue in 2013. macs are making their way back to the u.s. apple ceo tim cook told bloomberg this week the company will begin manufacturing a line of mac computers in the u.s. most of apple's products are made in asia. factories such...
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Dec 26, 2012
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morgan chase with that big loss, goldman sachs makes list, hsbc. did it change people's perceptions of these big banks? > > when we look at the data, we can see that trust in the financial service industry has further eroded. so any time you have a crisis like that, it has an impact on the company overall. but when you have a bunch of companies together, it does erode trust in the industry as a whole. > there was also a tragic event that made the list: costa concordia. > > yes. costa concordia, we all remember the images of the half-tipped-over cruise ship right there off the coast of italy. it was a tragic case, it was obviously a loss of lives and a tragic situation all around. what made it particularly striking, however, was some of the kind of bizarre circumstances surrounding the behavior of the captain at the time. and that immediately raised questions about the safety standards at the operator. > that's right, thoughts of an affair with a younger woman, and there were just a lot of details on that. moving on to apple and foxconn. this was a
morgan chase with that big loss, goldman sachs makes list, hsbc. did it change people's perceptions of these big banks? > > when we look at the data, we can see that trust in the financial service industry has further eroded. so any time you have a crisis like that, it has an impact on the company overall. but when you have a bunch of companies together, it does erode trust in the industry as a whole. > there was also a tragic event that made the list: costa concordia. > > yes....
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Dec 10, 2012
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hsbc admitted to poor money laundering controls last summer following a u.s. senate investigation. >>> the journal reports that the settlement could be announced as early as tuesday. >>> petsmart and limited brands are the latest in a long list of u.s. companies offering special one-time payments or accelerated dividends before scheduled tax hikes in the new year. petsmart declared a special dividend of 16.5 cents a share payable to investors december 30 first. it would have been payable in february. that is the latest from the fox business network, giving you the power to prosper liz: so the robert f. kennedy center for justice and human rights is holding its annual holiday auctions. this one's amazing for business viewers. it is ending tomorrow. this year the fund-raiser is featuring a whole bunch items with financial leaders one of whom joins us right now. robert wolf is the ceo and founder of 32 advisors and formerly the head of ubs americas, and kerry kennedy is the president of the robert f. kennedy center. welcome to you both. i ran into kerry backstage
hsbc admitted to poor money laundering controls last summer following a u.s. senate investigation. >>> the journal reports that the settlement could be announced as early as tuesday. >>> petsmart and limited brands are the latest in a long list of u.s. companies offering special one-time payments or accelerated dividends before scheduled tax hikes in the new year. petsmart declared a special dividend of 16.5 cents a share payable to investors december 30 first. it would have...
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Dec 10, 2012
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that is over just allegations that hsbc had controls in place for money laundering to places like iran and other regions where u.s. has financial sanctions there. that would be a record settlement and comes at a time when being hit about that exact issue. we'll be watching the tape for that tomorrow. >> all right. thank you very much. >>> so death to the dreaded death tax? one of our next guests says they hurt the economy more than they help and he calls them jobs killers. a heated debate on the death tax coming up here. >>> but coming up next, more republican lawmakers are saying they are open to higher tax rates on the rich if they come with spending cuts. that's a really big if. we're going to speak with one gocongressman who will lay out the spending cuts he would like to see, he needs to see in order to vote on the higher taxes. >>> and we wanted to give you a heads up on a hot slide show on cnbc.com that highlights predictions that went wrong this year. one great example, doomsday forecast that the u.s. bond market would go bust. thankfully that did not happen. quite the opposite
that is over just allegations that hsbc had controls in place for money laundering to places like iran and other regions where u.s. has financial sanctions there. that would be a record settlement and comes at a time when being hit about that exact issue. we'll be watching the tape for that tomorrow. >> all right. thank you very much. >>> so death to the dreaded death tax? one of our next guests says they hurt the economy more than they help and he calls them jobs killers. a...
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Dec 11, 2012
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. >>> british banking giant hsbc agreed to pay $1.92 billion to settle a money laundering investigation here in the u.s. hsbc is accused of transferring billions of dollars for nations like iran doing business with firms linked to terrorism and enabling mexican drug cartels to move money illegally through u.s. subsidiaries. the settlement represents the largest pen the ever paid by a bank. >>> now pot is officially legal in colorado. people 21 and older may have up to 1 ounce of weed, smoke it, not in public and grow a small amount at home as well. the governor has created a task force to help implement the law. here's the problem. it's complicated. the federal government still says marijuana is illegal. >> rocky mountain high. i'll be the billionth person to say that. >>> countdown to double secret lift jop. the space plane is cleared to lift off at 1:05 p.m. eastern time from cape canaveral. this is an unmanned reusable mini verlgs of the space shuttle. it lifts off vertically and lands on auto pilot on a runway. no one knows what it's carrying. the cost to develop it, that is also cl
. >>> british banking giant hsbc agreed to pay $1.92 billion to settle a money laundering investigation here in the u.s. hsbc is accused of transferring billions of dollars for nations like iran doing business with firms linked to terrorism and enabling mexican drug cartels to move money illegally through u.s. subsidiaries. the settlement represents the largest pen the ever paid by a bank. >>> now pot is officially legal in colorado. people 21 and older may have up to 1 ounce...
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Dec 11, 2012
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today the departments of justice and treasury announced a settlement with hsbc. the bank agreed to pay almost $2 billion in fines and penalties. it was charged with violating sanctions laws by conducting business with customers in iran, sudan, and cuba. it was also party to helping them launder almost $900 million for mexican drug cartels. at a news conference in new york city, u.s. attorney loretta lynch described some of the practices at one of the bank's mexican units. the investigation revealed that staggering amounts of cash, hundreds of thousands of u.s. dollars daily, were being deposited into h.s.b.c. mexico using boxes especially made to fit through their tellers' windows to speed the transactions. indeed it was reported to one h.s.b.c. official that h.s.b.c. mexico had received the ringing endorsement of money launderers as the place to launder money. >> woodruff: devlin barrett is covering this story for the "wall street journal," and has more details for us now. so, thank you for joining us. how much money was involved and what are some other examples
today the departments of justice and treasury announced a settlement with hsbc. the bank agreed to pay almost $2 billion in fines and penalties. it was charged with violating sanctions laws by conducting business with customers in iran, sudan, and cuba. it was also party to helping them launder almost $900 million for mexican drug cartels. at a news conference in new york city, u.s. attorney loretta lynch described some of the practices at one of the bank's mexican units. the investigation...
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Dec 11, 2012
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. >> hsbc, what they are accused of. in moments. you're watching "starting point." [ sniffs ] i have a cold. [ sniffs ] i took dayquil but my nose is still runny. [ male announcer ] truth is, dayquil doesn't treat that. really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. [ male announcer ] yes, it is. that's the cold truth! >>> good morning. welcome back. i'm christine romans. minding your business. three british nationals arrested in connection with the libor rate fixing scandal. libor rate is used to set rates on loans. three arrests out of the uk right now. >>> u.s. stock futures higher. fiscal cliff talks, federal reserve meeting in washington, two drivers for investments over the next couple of days. futures holding in there for now. >>> federal and state authorities have reached a record-setting settlement with british banking giant hsbc. europe's largest lender has agreed to a staggering settlement. this is a big fine. hsbc is accused of
. >> hsbc, what they are accused of. in moments. you're watching "starting point." [ sniffs ] i have a cold. [ sniffs ] i took dayquil but my nose is still runny. [ male announcer ] truth is, dayquil doesn't treat that. really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. [ male announcer ] yes, it is. that's the cold truth! >>> good morning. welcome back. i'm christine romans....
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Dec 16, 2012
12/12
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hsbc executive said the bank was quote, profoundly sorry. before taxes, hsbc made $12.7 billion in profits the first half of this year, which makes it too big to prosecute. health care exchanged defined by the affordable care act to get health insurance for coverage and affordability. they will require federal involvement. utah and florida are undecided. 22 states who oppose the president will rely most on the obama administration to make health care coverage available to the residents least able to afford it. finally, where unions stand with chicago mayor rahm emanuel. in the week his former boss la meanted in michigan, he switched a contract to a non-union contractor. 300 union members will lose their jobs. they are not guaranteed full time work, will not have full health care coverage. it's owned by a man described as a reputed mobster. republicans are open to dismantling a labor force, democrats are perfectly willing to do their part, too. want to find out what my guests think you should know. >> i want to say that my daughter, kathryn h
hsbc executive said the bank was quote, profoundly sorry. before taxes, hsbc made $12.7 billion in profits the first half of this year, which makes it too big to prosecute. health care exchanged defined by the affordable care act to get health insurance for coverage and affordability. they will require federal involvement. utah and florida are undecided. 22 states who oppose the president will rely most on the obama administration to make health care coverage available to the residents least...
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Dec 11, 2012
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charlie, is this unique only to hsbc, or is in the first domino to fall here? >> well, i mean, there may be other banks, but it follows a pattern that the justice department has used since arthur anderson following the enron scandal. they didn't want to put any more big companies out of business, so they go into these deferred prosecution agreements, today hit the bank with a big fine and then today kind of move on. what's kind of like -- what's not good about this is that if you think about it, shareholders are suffering when you had probably individual employees who committed possible crimes here. jenna: so you don't think this was a policy necessarily of the entire bank, more department-specific? >> well, there are people involved, right? i mean, i'm not saying the bank shouldn't have been dinged here, but if you think about it, the deferred prosecution agreement extends to the bank. we don't know who's involved in this. and i, as a business reporter who writes for shareholders, say i think this is kind of a bad thing. to defer the blame to all the sharehold
charlie, is this unique only to hsbc, or is in the first domino to fall here? >> well, i mean, there may be other banks, but it follows a pattern that the justice department has used since arthur anderson following the enron scandal. they didn't want to put any more big companies out of business, so they go into these deferred prosecution agreements, today hit the bank with a big fine and then today kind of move on. what's kind of like -- what's not good about this is that if you think...
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Dec 6, 2012
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hsbc came under pressure after reports say it may pay a $1.8 billion fine over the money dering scandal. in australia, strong jobs data failed to boost the market. the asx 200 finished lower by a quarter percent. sensex still in action now trading lower by 0.4%. back to you. >> all right. catch you later. apple had its worst day in four years dragging down the nasdaq. different story for the dow. at one point dow was up more than 100 points. the last time the index closed up triple dinlg et gains, the way back in may two 2. joining us for the first part of the program, nick khar. thanks for joining us. xetra dax up 52 week highs. which is sort of interesting in several. >> nokia down 9% over the last five years. and i guess the apple story if you're a bear is a potential nokia story, a story about a company that is dominating its space at the moment, but priced for perfection. so who knows if there is a disappoint coming. but if there is, there's not much margin for error. gr it all depends on whether we'll be buying other products other than apple in five years time. >> it's a very rap
hsbc came under pressure after reports say it may pay a $1.8 billion fine over the money dering scandal. in australia, strong jobs data failed to boost the market. the asx 200 finished lower by a quarter percent. sensex still in action now trading lower by 0.4%. back to you. >> all right. catch you later. apple had its worst day in four years dragging down the nasdaq. different story for the dow. at one point dow was up more than 100 points. the last time the index closed up triple dinlg...
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Dec 23, 2012
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according to hsbc in 2000 mexican workers earned nearly five times the salary of their chinese peers. but by 2011, mexican workers were only about a third more expensive than chinese workers. when you project all these advantages into the next few years, mexico's economic future looks robust. the national intelligence council released an important report called "global trends 2030" one trend it looks at is how demographic changes will shape the world. countries with younger, more dynamic populations will grow faster. while the median age in mexico will be 30, 40, japan's median age will hit 52. america actually has an advantage here at 39. our median age will only be five years older than that of mexico's. trends don't ensure particular outcome, but it's clear that contrary to its global image, mexico's economy has momentum. it will be among the world's top ten economies by the end of this decade. smart reforms can build it further. the irony is that one possible impediment to mexico's growth could be the very country that is its biggest asset, the united states. if we slow down, so w
according to hsbc in 2000 mexican workers earned nearly five times the salary of their chinese peers. but by 2011, mexican workers were only about a third more expensive than chinese workers. when you project all these advantages into the next few years, mexico's economic future looks robust. the national intelligence council released an important report called "global trends 2030" one trend it looks at is how demographic changes will shape the world. countries with younger, more...
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Dec 11, 2012
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hsbc paying $1.29 billion fine to settle a multiyear probe. the u.s. justice department saying the bank failed to endorse rules to prevent laundering of criminal cash. 49% stake in virgin atlantic airways for $360 million. they begin a joint venture on daily round trip flights between the the u.k. and north america. direct tv charging $3 more a month for sports network for those who want packages above the lowest tier. the 20 # 13 l.a. dodgers set to have the largest opening day payroll in major league baseball history with a recent report saying the payroll is more than $220 million beating out the previous record held by, yes, 2008's david's new york yankees, and speaking of the yankees, dropping stubhub as the retailer of choice. the refusal to set a price floor for transactions prompted the team to opt out of the deal, and, yes, i blew it. you heard the buzzer. david: oh, you were close. we've seen images of angry protesters in michigan heating up all over michigan, but despite the push back, the house there approved a right-to-work bill that gover
hsbc paying $1.29 billion fine to settle a multiyear probe. the u.s. justice department saying the bank failed to endorse rules to prevent laundering of criminal cash. 49% stake in virgin atlantic airways for $360 million. they begin a joint venture on daily round trip flights between the the u.k. and north america. direct tv charging $3 more a month for sports network for those who want packages above the lowest tier. the 20 # 13 l.a. dodgers set to have the largest opening day payroll in...
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Dec 20, 2012
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it was hsbc providing support for this market. generally, the tone wasn't all that great in either of these markets. this was largely on the back of the chinese banks. the big four. to get their balance sheets in order for tougher regulations next year. the shanghai composite has rallied about 9% since the beginning of december, but really, it's not enough to pull it out of the plays of the one of the worst performing indexes in asia. it is still on track for a third year of losses, a three-year bear market in china while growth has been, what, over 8%? pretty amazing there. let's move on to australia. we did see some gains. the s&p asx 200 hovering near its seven-month high. the miners gave up some gains today, but we did see some positively -- and this is despite wayne swan, treasurerer, saying they are likely to deliver a budget surplus tore this year. the asx 200 still moving up. the asx in india still down by a quarter of a percent. a mixed bag here. >> thank you very much this morning. now let's check in on markets -- we did
it was hsbc providing support for this market. generally, the tone wasn't all that great in either of these markets. this was largely on the back of the chinese banks. the big four. to get their balance sheets in order for tougher regulations next year. the shanghai composite has rallied about 9% since the beginning of december, but really, it's not enough to pull it out of the plays of the one of the worst performing indexes in asia. it is still on track for a third year of losses, a...
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Dec 31, 2012
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the best performer on the s&p 500 today, up 8.4%, moving higher on those numbers out of china, the hsbc manufacturing index strongest in 18 months. however, down from the previous month. new export activity fell because of this weak demand. so, the big question, will the momentum continue? this stock actually the worst performer on the s&p 500 for the year. >> wow. the worst, but at the same time, we're seeing iron ore prices, huge fourth quarter. >> closed at $140 today. they were at $86 eight weeks ago. people were pricing in death and destruction for coke and coal. the cliffs are 92% coke and coal, iron ore. this is an impressive stock to look at because this is a barometer. we broke through major levels on this stock today. i think it goes higher. i think the other guys in the space go higher. >> the only problem, though, tim, is that cliffs was lagging iron ore prices. we spoke about it in september, it was down to $85, $86. now it looks like -- i'm talking about iron ore. it looks like it's hitting a wall. clutches did lag. i feel like it had too big of a move. >> iron ore prices
the best performer on the s&p 500 today, up 8.4%, moving higher on those numbers out of china, the hsbc manufacturing index strongest in 18 months. however, down from the previous month. new export activity fell because of this weak demand. so, the big question, will the momentum continue? this stock actually the worst performer on the s&p 500 for the year. >> wow. the worst, but at the same time, we're seeing iron ore prices, huge fourth quarter. >> closed at $140 today....
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Dec 31, 2012
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federal and new york state prosecutors have unveiled their $1.9 billion settlement with the banking giant hsbc for a massive money laundering scheme used by drug cartels and other illegal groups. >> you can do real time in jail and therefore doing ridiculous offenses, or taking it up two subway seats. people go to jail all the time in this country. for having a marijuana stem in your pocket. there are 50,000 marijuana- related cases in america alone every year. and here we have a bank money laundered billions of dollars and they cannot find anyone to put in jail. >> i had a chance to speak directly to leonard peltier when he called into a news conference organized by his lawyers and pete seeger. >> what would you do if you were free? >> probably go home on house arrest. that is the only thing i could expect. i do not think obama would do what bill clinton did. he is not going to give any clemencies until his last year. it is not going to happen. george bush signed the second chance act, which is house arrest, so we are pushing for that. if i do get house arrest, at least i can get some medical
federal and new york state prosecutors have unveiled their $1.9 billion settlement with the banking giant hsbc for a massive money laundering scheme used by drug cartels and other illegal groups. >> you can do real time in jail and therefore doing ridiculous offenses, or taking it up two subway seats. people go to jail all the time in this country. for having a marijuana stem in your pocket. there are 50,000 marijuana- related cases in america alone every year. and here we have a bank...
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Dec 19, 2012
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of course, following that $1.9 billion fine that was given to hsbc. what we do know is that the company is admitting criminal wrongdoing in its japanese arm because, you know, around 30 traders worldwide had manipulated the yen libor between 2005 and 2010. the ceo speaking this morning says, you know, despite the troubles in the japanese arm, he does not believe that there's -- the bank is going to be shutting down the operations in that country entirely. saying that 30 to 40 people have already left the bank. they also gave us a bit more information on what kind of impact this will have on profits. they see a fourth quarter net loss of around 2.5 billion swig franks. a full-year profit of 2.5 to 3 billion. and the most important part, why shares are trading up. they still expect a fourth quarter net new money being positive. and again, i mean, it's puzzling to some. on the other hand, investors are clearly focusing on the rebound story much more than the lobbyer story because, you know, these are things of the past. >> and also it's the "wall street
of course, following that $1.9 billion fine that was given to hsbc. what we do know is that the company is admitting criminal wrongdoing in its japanese arm because, you know, around 30 traders worldwide had manipulated the yen libor between 2005 and 2010. the ceo speaking this morning says, you know, despite the troubles in the japanese arm, he does not believe that there's -- the bank is going to be shutting down the operations in that country entirely. saying that 30 to 40 people have...
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Dec 19, 2012
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it only was topped by the $1.9 billion penalty that hsbc agreed to last week to settle that money laundering probe. >> crazy thing that stock's up. it's leading the exchange there today because people had been expecting maybe a slightly higher fine even than that. three times the amount. it was supposedly taking place for five to seven years, 30 to 40 traders have left. pretty pervasive. >> i wonder how much they -- they make money or lose money after -- >> after all was said and done. $1.5 billion. >> probably lost. they did well. the libor stuff, if you can set rates -- >> well, and the crazy thing, it affects so many different instruments and so many people and so many businesses. >> right. >> i don't know that you could ever actually figure out all the implications from it. >> right. from everyone. and in a related story this morning, the f.t. reports that the new york fed was warned as early as mid 2008 that banks might have been misrepresenting their libor borrowing rate. that was to aid their own trading positions. and that date is much earlier than previously known. according to the
it only was topped by the $1.9 billion penalty that hsbc agreed to last week to settle that money laundering probe. >> crazy thing that stock's up. it's leading the exchange there today because people had been expecting maybe a slightly higher fine even than that. three times the amount. it was supposedly taking place for five to seven years, 30 to 40 traders have left. pretty pervasive. >> i wonder how much they -- they make money or lose money after -- >> after all was said...
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Dec 3, 2012
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hsbc's manufacturing purchasing index came in at 55 in november. it separates expansion from contraction. and the latest twilight film was number one at the weekend box office for the thrt straid straight weekend. it took in $17.4 million in sales. that barely edged out "skyfall." >> that's a lot of money for "twilight." >> it's been a while. >> it's enough money, they all need acting lessons. every one of the actors in that movie, send them to acting sales. >> you loved the film. >> i didn't see the latest -- do you think i saw the latest one? that's insulting to me. it's a game of political chicken. the white house says republicans should come clean about how much they're willing to raise tax rates on the rich. republicans counter saying the president's plan is a joke that avoids tough decisions. we're looking to rise above the partisan politics and get a deal done. our guest hosts are looking to do the same. david walker is the ceo of the comeback initiative and steve mcmahon is a democratic strategist and co-founder of purple strategies. as you
hsbc's manufacturing purchasing index came in at 55 in november. it separates expansion from contraction. and the latest twilight film was number one at the weekend box office for the thrt straid straight weekend. it took in $17.4 million in sales. that barely edged out "skyfall." >> that's a lot of money for "twilight." >> it's been a while. >> it's enough money, they all need acting lessons. every one of the actors in that movie, send them to acting...